Post Utme Elizade University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 10,000, 10% shares of ₦10 each at a premium of ₦5. Calculate the amount received from the shareholders.

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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